Tanalys

GOLD spot intraday: key ST resistance at 1270

Pivot: 1270.00

Our preference: SHORT positions below 1270 with targets @ 1239 1222.

Alternative scenario: The upside breakout of 1270 will open the way to 1279 1286.

Comment: the RSI has broken down its 30 level.

Trend: ST Bullish; MT Range

Key levels Comment

1286** Intraday resistance

1279** Intraday resistance

1270*** Intraday pivot point

1243.7 Last

1239** Intraday support

1222*** Intraday support

1209** Intraday support

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